Summary: FMSbonds Inc. (Series 2023-XF3185); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2023-XF3185); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2023-XF3185); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2023-XF3185); Residual Certificates; Tender Option Certificates/Bonds
Published Nov 06, 2023
5 pages (1937 words) — Published Nov 06, 2023
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Nov. 7, 2023 2023-XF3185 New York State Dormitory Authority's series 2018E state sales tax revenue bonds (tax exempt) Citibank N.A. FMSbonds Inc. Citigroup Global Markets Inc. Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and the liquidity facility, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects the ratings on the underlying securities and addresses full and timely interest-and-principal

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and the liquidity facility, which is in place to support tender payments on the floaters....

  
Report Type:

Summary

Ticker
2338Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2023-XF3185); Residual Certificates; Tender Option Certificates/Bonds" Nov 06, 2023. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF3185-Residual-Certificates-Tender-Option-Certificates-Bonds-3084691>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2023-XF3185); Residual Certificates; Tender Option Certificates/Bonds Nov 06, 2023. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF3185-Residual-Certificates-Tender-Option-Certificates-Bonds-3084691>
  
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